Bernadette Murphy Quotations
Bernadette Murphy Quotes about:
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Advancing Quotes
I don't think we're going to pullback right now, but I think we could pullback because we have been in this advancing phase. Our summer rally, it's been sort of a hard one to find. But we've been having a summer rally. So we could at some point, when we start running into resistance levels in the S&P and the Dow, have some sort of a pullback. But it will be a short term one.
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Area Quotes
I would like to say that I see the market broadening, ... But I really don't. People have been talking about the Russell 2000, because that has been performing so well. It's 2000 of the smallest stocks. Now, the problem is though that most of the gains have been in the health care area, which are the biotech stocks. And that's up over 50 percent since the end of the year. And the other area is the technology area, which has been up substantially. And that's what's been lifting that particular index.
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Although Quotes
We've been focusing so much on tech. And we're starting to see that although these groups have periods of growth, they are basically cyclical... But until investors realize that, these things (Oracle's warning) are going to have a big impact on trade, ... that the banking stocks will come under pressure too.
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Buy Quotes
Corporate profits are what drive the stock market. On the economic front, we have been seeing a slowdown in some industries like housing. And so that could be a positive but may be, may not be, enough for the Fed. But corporate profits are always what drive a market and why investors buy the stocks of companies.
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Applied Quotes
The semiconductors: Applied Materials is sort of like a kingpin for that whole industry -- and their earnings. It's going to be very interesting to watch the reaction. Semiconductors actually reached their highs in March. They sold off, and set lower highs in June-July. It's critical that they get through those June-July highs. And so we're going to have to watch them to make sure. They're right now at the lower part of their trading ranges. It's important to watch what happens now,